MSC Group has announced the development of its new headquarters in Downtown Miami. The MSC Group’s $100 million investment will bring together approximately 250 employees from MSC Cargo, MSC Cruises, and Explora Journeys under one roof in a state-of-the-art facility.
The 130,000 sqf. offices will support the ongoing growth of MSC in the North American market. According to the economic impact analysis conducted by Miami-Dade County, this latest development by the MSC Group will generate 668 direct and indirect jobs over the next three years. It will also provide $65.2 million annually in terms of recurring direct economic impact (gross regional product).
MSC is also building a next-generation cruise terminal at PortMiami, set to become the largest in North America once completed by the end of the year. The project has been commissioned to Fincantieri Infrastructures.
The new terminal will feature a four-story building capable of accommodating 36,000 passenger movements per day and will have sufficient docking space to serve three state-of-the-art ships simultaneously.
Cosmoprof Launches a New Trade Show in Miami
BolognaFiere will present the inaugural edition of Cosmoprof North America at the Miami Beach Convention Center. The event is scheduled from January 23 to 25, 2024, as a new spinoff of the largest cosmetic B2B trade show held annually in Bologna (Italy). While the event on the west coast, Cosmoprof North America, will remain in Las Vegas, the new edition on the east coast, Cosmoprof North America – Miami, will primarily focus on the Hispanic market.
Cosmoprof North America attracts beauty industry professionals from around the world and hosts presentations and product launches for all segments of the industry. In 2022, over 1,100 exhibitors participated in the Las Vegas edition, solidifying the region as a strategic market for business development. 32,000 retailers, buyers, distributors, brands, suppliers, and journalists gathered in Las Vegas to discover new product launches and explore new business opportunities.
From January 23 to 25, 2024, Cosmoprof North America – Miami will be a new destination for cosmetic industry professionals, aiming to replicate the success of other Cosmoprof events in Bologna, Hong Kong, Bangkok, Mumbai, and Las Vegas.
We extend our heartfelt gratitude for your steadfast support of the Italy-America Chamber of Commerce Southeast’s activities and mission.
Over the past three decades, the Chamber has played a pivotal role in fostering networking opportunities and cultivating a collaborative business environment within the Italian community in the US Southeast.
Throughout this period, we have struggled to keep unchanged our membership fees.
However, due to the substantial rise in operational costs, encompassing personnel, rent, insurance, and various other factors, the Board of Directors has made the decision to implement a small increase in membership fees, effective January 1st, 2024.
The new fees for 2024 are as follows:
Corporate Membership: from $500 to $600/year
Sustaining Membership: from $1,000 to $1,200/year
Premium Membership will remain unchanged at $2,500/year
We trust you understand that as a nonprofit organization managing diverse commitments and projects, the IACCSE must take this necessary step. Maintaining the same membership fees would be unfeasible given the significant economic changes since our establishment in 1991.
To ensure a smooth transition, the IACCSE Board is providing a grace period of 60 days until February 28 for members wishing to renew their membership in advanceat the old rates, even if their membership expires later in the year.
For instance, if your membership expires on June 1st 2024 and you renew before February 28th, 2024, the old rate will be applicable.
Nonetheless your 12 months membership will continue to be counted from June 1st 2024.
After February 28th the new rates will automatically apply.
We sincerely appreciate your ongoing support for the Italy-America Chamber of Commerce Southeast and hope to continue counting on your membership in the years ahead.
Meet US Roadshow in Italy -Speaking/Sponsorship Opportunities
The IACCSE is getting ready to organize the 4TH edition of “Meet US Roadshow in Italy” from March 18th to March 21st.
The initiative, which will be held in four important Italian cities: Napoli (March 18th) – Roma (March 19th) – Prato (March 20th) – Treviso (March 21st), is intended for those Italian companies interested in exploring new opportunities in the US market: attendees will be provided with detailed information on topics relating to strategic, commercial, administrative, financial, and fiscalmatters linked to the expansion of Italian businesses in the US market.
Organized in collaboration with Italian institutions, industry associations and local chambers of commerce, including Campania Region, FederLazio, Confindustria Toscana Nord, Venice Promex – C.C.I.A.A. Treviso, the “Meet US Roadshow in Italy” represents a great opportunity for US professional firms to connect with a qualified group of Italian entrepreneurs and managers, under the umbrella of the IACCSE, and for Italian SMEs to learn more about the most important strategic and operational aspects relating to expansion on a market such as the US Southeast.
If you are an expert with extensive knowledge of the U.S. market in fields such as law, accounting, financial services, logistics, and more, we invite you to become a speaker and sponsor for this unique opportunity sharing your expertise with our audience.
As a speaker, you will enjoy enhanced visibility through the chance to connect with 200+Italian companies, engaging in valuable discussions about the opportunities and challenges in the U.S. market.
FinCEN Extends Reporting Deadline for New Companies
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) finalized a rule last month to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports. The rule will require most U.S. corporations, limited liability companies, and other entities created in or registered to do business in the U.S. to report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN.
With the most recent amendment, the reporting deadline for companies created or registered in 2024 is extended to 90 days from the receipt of public notice of their registration instead of the 30 days initially proposed.
What are the important dates and deadlines for reporting?
This new ruling will go into effect on January 1, 2024.
Companies that existed before January 1, 2024 will have one year to submit their first report (by January 1, 2025).
Companies created or registered after January 1, 2024 and through the end of the year will now have 90 days to submit their first report after they are established.
Companies created or registered on or after January 1, 2025 will still only have 30 calendar days to submit their first report after they are established.
Additionally, after submitting the initial report, all companies will have to update the information about their owners within 30 days of any changes.
Who is considered a “beneficial owner”?
In general, a beneficial owner is any individual (1) who directly or indirectly exercises “substantial control” over the reporting company, or (2) who directly or indirectly owns or controls 25 percent or more of the “ownership interests” of the reporting company.
Whether an individual has “substantial control” over a reporting company depends on the power they may exercise over a reporting company. For example, an individual will have substantial control of a reporting company if they direct, determine, or exercise substantial influence over, important decisions the reporting company makes. In this regard, any senior officer is deemed to have substantial control over a reporting company. The ownership interests can include simple things like regular shares of stock or more complicated arrangements. According to FinCEN, they expect the majority of companies to have straightforward ownership structures.
What companies will be required to report?
Certain companies—referred to as “reporting companies”—will be required to report their beneficial ownership information to FinCEN.
A domestic reporting company is defined as:
a corporation,
a limited liability company, or
any other entity created by the filing of a document with a secretary of state or any similar office under the law of a state or Indian tribe.
A foreign reporting company is any entity that is…
a corporation, limited liability company, or other entity formed under the law of a foreign country, AND
registered to do business in any U.S. state or in any Tribal jurisdiction, by the filing of a document with a secretary of state or any similar office under the law of a U.S. state or Indian tribe.
If you had to file a document with a state or Indian Tribal-level office to create your company or to register it to do business if it is a foreign company, then your company is most likely a reporting company, barring any applicable exemptions.
For the definitions of both domestic and foreign reporting companies, a “state” means any state of the U.S., the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, and any other commonwealth, territory, or possession of the U.S.
However, if an entity qualifies for one of the 23 exemptions in the Corporate Transparency Act, they will not be considered a reporting company, and therefore not required to file a report. This includes banks, credit unions, and more. (Note: A full list of exemptions can be found here. If you would like to discuss these exemptions and determine qualification, please contact us today.)
What information will companies have to report?
A reporting company will have to report:
Its legal name;
Any trade names, “doing business as” (d/b/a), or “trading as” (t/a) names;
The current street address of its principal place of business if that address is in the United States (for example, a domestic reporting company’s headquarters), or, for reporting companies whose principal place of business is outside the U.S., the current address from which the company conducts business in the U.S. (for example, a foreign reporting company’s U.S. headquarters);
Its jurisdiction of formation or registration; and
Its Taxpayer Identification Number (“TIN”).
A reporting company will also have to indicate the type of filing it is making (that is, whether it is filing an initial report, a correction of a prior report, or an update to a prior report).
We’re here to help
Although reporting will begin in January 2024, there is not yet a landing page on FinCEN’s website to do so. Once it is launched and operational, you will report your company’s beneficial ownership information electronically through a secure filing system available there.
If you would like to understand more about this filing or its qualifications, or you’d like to inquire about exemptions, contact us today. As with any new ruling, we encourage you to reach out to your tax advisor with any questions or concerns you may have.
By Fernando Lopez, International Tax Services Partner
Please include contact details of you and your guests
You may want to seize the chance to increase the visibility of your company, the European Chambers offer you the opportunity to become sponsor of the event and take advantage of the exposure of the social media campaign targeting 25,000+ contracts.
Click here to discover the benefits included in the sponsorship package:
Marjalizo Realty, boasting over 40 years of experience in Panama and internationally, stands out as an undeniable reference. Our dedication, knowledge, and commitment have positioned us as experts in providing exceptional real estate solutions. Our new luxury project, designed by the Pininfarina firm, promises to be one of the most exclusive housing and investment options in Panama.
Valdo is a family-owned winery located in Valdobbiadene, a UNESCO World Heritage Site. Founded in 1926, Valdo is one of the most historic and trusted brands specialized in premium Prosecco and Italian sparkling wines, blending tradition with innovation. Passion for quality and strong commitment to sustainability are the key company values driving Valdo into the future.
Barakat + Bossa is an international firm which has been protecting business and their owners in litigation and arbitration since 2004. The company focus on business matters such as partnership disputes, non-competes, corporate litigation, real estate, breach of contract and financial fraud. In 2020, the firm was renamed Barakat + Bossa after a merger between Brian Barakat & Giacomo Bossa.
Bianchi Fasani Law P.A. is a full service law firm that specializes in Tax & Estate Planning, Corporate, Real Estate and Litigation. The attorneys at Bianchi Fasani Law P.A. have experience advising high-net-worth families and closely held businesses on U.S. and international tax planning matters, income, estate, and gift tax planning. Additionally, the Firm’s corporate law team, have counseled international and domestic companies on multi-million-dollar deals, mergers & acquisitions, and U.S. and foreign entity formation for asset protection and tax planning. Finally, the real estate attorneys at the Firm have extensive experience in real estate transactions and title law representing buyers, sellers, investors, foreign nationals, and developers for all of their Florida real estate needs, including providing title and closing services, facilitating 1031 exchange transactions, drafting and negotiating real estate contracts, and assisting them with FIRPTA issues.
MDM Hotel group, an example setter when it comes to hospitality, prides itself on managing five hotels from the world’s brand leader, Marriott International. Committed to genuine hospitality, they distinguish themselves by nurturing and building strong and lasting relationships with fellow associates, guests, partners, and their local community.
Their portfolio of premium hotels is made to accommodate both the business and leisure traveler, featuring four different brands to surely meet any guest needs. They thrive by making each stay an unforgettable experience by providing an exceptional detail-oriented service that will surpass the highest of expectations. All their award-wining properties offer a unique and convenient location at the trendiest neighborhoods in the Magic City, giving their guests the chance to see all that Miami has to offer, additionally their portfolio just concluded a multi-million-dollar renovation to elevate guests’ experience into new heights.
Robert Allen Law is best known for its experienced team of attorneys and counsel that understand and help guide clients through legal and other challenges and complexities involved in all yachting and superyacht matters, including constructing, buying, selling, chartering, and financing. A leading superyacht law firm, Robert Allen Law is a reference to its peers and is a respected player in the industry for many reasons, including (i) the Robert Allen Law yacht law team was the primary drafter of the International Yacht Brokers Association (“IYBA”) Purchase and Sale and Listing Agreements, which have become the standard industry forms in the United States and are increasingly used in cross-border transactions, (ii) our yacht attorneys are frequent contributors to yacht industry publications and are regularly invited to speak on yacht law topics at superyacht and yacht industry events around the world, and (iii) the firm serves as principal legal advisor to some of the largest yacht manufacturing groups and some of the most prominent businessmen and entrepreneurs in the world.
Snaidero America is a group of experienced and skilled professionals with decades of experience in cabinetry, millwork, and multi-unit projects in the American market. Snaidero America provides turn-key service Nationwide. Design, field measurement, delivery, installation, and after-service. With Snaidero America, you will have a one-stop-shop experience.
Created in 1860, Strega liqueur is one of the most famous Italian liqueurs, it is unique and unmistakable for its taste, thanks to the exclusive use of natural ingredients. Its processing starts with the grinding of about 70 herbs and spices, they are being selected from all over the world, and each one of them has unique properties. Among these herbs we find Ceylon cinnamon, Florentine iris, Italian Apennine juniper, Samnite mint, which grows along the riverbanks in the whole region. The liqueur gets its characteristic yellow colour from the precious Saffron that is added to the herb distillate. Its unique, yet versatile flavour can be enjoyed in many ways: neat, icy or mixed in more sophisticated long drinks and cocktails.
ZOMMA Group is a full-service, boutique-style firm dedicated to building robust and productive client relationships. They strive to make every customer feel right at home and have the added benefit of assisting them to achieve their financial goals. They are a comprehensive, Florida-based accounting and advisory firm that serves all of your business needs. Whether you need your tax returns filed, financial review, tax consultation, a general tax audit, tax preparation, an estate plan, a trust deed, or even business consulting, the ZOMMA Group can accommodate your needs.
The Italy-America Chamber of Commerce Southeast brings to Miami the initiative “Campania Week”, an inspiring journey among the flavors of the Campania Region.
Fall in love with the food and wines of one of the most beautiful regions in Italy
The event at a glance:
5 days of in-store tasting
2 trade-only events for F&B industry professionals
2 happy hours + DJ set for food lovers
8 gourmet markets and restaurants involved
2 seminars
10 Italian producers
30 U.S. food and wine buyers
15,000+ local consumers reached
CAMPANIA WEEK FINEST FOOD AND WINE PRODUCTS
Campania, nestled in the heart of Italy, offers a unique blend of historical charm and natural beauty. With its stunning Amalfi coastline, ancient sites like Pompeii, and the energetic capital Naples, caters to every traveler’s desire. Campania is a paradise for food lovers, boasting renowned culinary delights. The variety of the territories and their biodiversity gave rise to some of the finest Italian food and wine products.
Campania enjoys plenty of sun, a vast sea briming with fish and scattered with islands, and an historically rich soil, especially at the base of Mount Vesuvio. These conditions contribute to the region’s biodiversity and ensure the flourishing of countless plants and the farming of animals, which lead to the richness of Campania’s culinary tradition. Indeed, besides being the birthplace of pizza, Campania is famous worldwide for its seafood, often paired with herbs, its cheeses, like the “mozzarella di bufala”, its olive oil, San Marzano tomatoes, and pasta. Beyond its gastronomic tradition, the region is equally renowned for its liquors, like limoncello, and wines. Some of the most prominent DOCG wines of the region, characterized by flavorful bodies and astonishing aromas, are: Greco di Tufo, Taurasi and Fiano di Avellino. The region also offers a variety of DOC wines, produced from indigenous grapes, like: Aglianico, Piedirosso, Falanghina, Biancolella, and Aspirinio.
Know more about the companies participating in the Campania Week in Miami by clicking the button below:
CAMPANIA WEEK LAUNCH DINNER at Mosaico by Maurizio Farinelli | TRADE ONLY EVENT
Tuesday, November 28th, 2023 | 7:00pm – 9:30pm
Promotional dinner featuring a tasting of typical Campanian wines aimed at presenting the region’s DOC and DOCG wines to wine importers and distributors in Florida. This event, the official launch of “Campania Week,” is attended by industry professionals, Italian authorities, and food critics.
CAMPANIA APERITIVO at Mercato Miami
Wednesday, November 29th | 6:00 pm-8:00 pm
Promotional cocktail event with a DJ set featuring a tasting of Campanian wines and products. Through collaboration with local food bloggers, an audience of American food lovers is engaged, inviting them to discover the culinary delights of Campania.
CAMPANIA BUSINESS DINNER at Salumeria 104 | TRADE ONLY EVENT
Thursday, November 30th | 7:00pm – 9:30pm
Promotional dinner featuring a presentation of PDO and PGI agri-food products, accompanied by a tasting of traditional dishes made with authentic Campanian products. A selected number of food importers and distributors is invited to attend the event.
CAMPANIA APERITIVO at Prima Classe Italian Market & Café
Friday, December 1st | 6:00 pm-8:00 pm
At the conclusion of Campania Region’s promotional week, a promotional cocktail event with a DJ set is organized, featuring a tasting of Campanian wines and food products. Through collaboration with local food bloggers, an audience of American food lovers is engaged, inviting them to discover the culinary delights of Campania.
TeamLogic IT is a national provider of advanced technology solutions for companies of all sizes, with more than 270 independently owned and operated locations across North America, TeamLogic IT helps companies minimize downtime and improve productivity by providing IT services and technology support.
A native of Italy who now resides in Miami, Guido has worked and lived in several countries throughout Europe and Latin America. His educational background is in business and engineering, and he worked 30 years for a multinational information and communications technology business. His tenure there gave him a broad base of experience in IT, networking and communications technology, and business development and operations.
“The need for reliable IT-managed services continues to increase, and I’m looking forward to serving businesses throughout Miami that need a strong technology partner to secure their infrastructure, enable remote work and ensure business continuity,” Guido said. “I’m committed to helping SMBs find technology solutions that reduce costs, improve efficiencies and maximize their technology investments while delivering a white-glove service experience.”
TeamLogic IT has been named the 2020 and 2021 MSP (managed services provider) of the Year by Channel Futures and the No. 1 technology franchise by Franchise Business Review.
The company has also been recognized by Inc., Entrepreneur, Franchise Times and other organizations as one of the fastest-growing
private companies in America.
“The combination of being able to provide world-class IT services because of our nationwide presence, combined with the benefit of local management teams, has allowed TeamLogic IT to experience significant growth over the past few years,” said Dan Shapero,
